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For example, instead of paying 390 for a 300 loan (as stated in the loans disclosure documents) some consumers have paid defendants more than 1,000 in automatic charges that would occur every two weeks, according to the complaint.
In a single year from 2012 to 2013, Coppinger and Rowlands companies issued 28 million in payday loans and withdrew more uob cash advance rate 46. 5 million from bank accounts, the FTC says.
Consumer groups say the case underscores the dangers posed by the buying and selling of consumers personal data online. The FTC has a target-rich environment for enforcement actions until Congress steps in to rein in their out-of-control sales of consumer information, said Ed Mierzwinski, consumer program director for U. PIRG, a nonprofit consumer advocacy group.
As a result of Tuesdays settlements, the companies Coppinger and Rowland controlled can no longer participate in the lending business and are barred from debiting or billing uob cash advance rate or making unauthorized electronic fund transfers.
Phil Greenfield, an attorney for Rowland, said his client already had stopped his lending activity voluntarily, long before the FTC filed the case. Rowland fully cooperated in the FTC investigation, and there was no evidence Mr. Rowland participated in, or knew about, any of Mr.